Occupations Code § 1201.109
If a required bond is canceled, the related license is suspended and the surety must notify the director in writing before the cancellation date. If the surety goes into bankruptcy liquidation/reorganization or receivership, or if a claim impairs the required security amount, the license holder must replace or restore
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
If a required bond is canceled, the related license is suspended and the surety must notify the director in writing before the cancellation date. If the surety goes into bankruptcy liquidation/reorganization or receivership, or if a claim impairs the required security amount, the license holder must replace or restore the security within 60 days.
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Occupations Code § 1201.109
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